CABLEGRAMS.

Oamaru Mail, Volume II, Issue 421, 3 September 1877, Page 2

CABLEGRAMS.

LATEST WAR NEWS. [Agent-General's Telegram.] London, September 1, 6.40 p.m. After furious fighting at Shipka Pass, and immense losses on both sides, the Russians still retain possession. Sulieman Pasha is trying to surround the Russians, in order to destroy their line of communication, and to prevent their retreat to Gabrova. Both sides have received large reinforcements, and Servia is expected to take part in the war. Greece is holding back. Germany, supported by other powers, has complained to Turkey of her treatment of prisoners. The bank rate of interest has been raised to 3 per cent. The present is commonly regarded as a period of suspense, but decisive action is shortly anticipated.

(REUTER's TELEGRAMS, PER PRESS AGENCY.) Bombay, August 31, 2.19. A Turkish force from Erskidonv (?) crossed the Lom, near Jaslar. The Russians were defeated, and compelled to fall back. The Turks from Rasgrad advanced to (name of place unintelligible) repulsing the Russians, and capturing two guns. A great battle is imminent. The Turks have taken the offensive along the whole line. September 1, 1.15. Mehemet Ali telegraphs that after nine hours' desperate fighting on the 30th,

Karhasaler, t>n the nght bank of the Lom, was repeatedly taken and retaken, but remained in the possession of the Turks. The Russians .retreated in disorder, hotly pursued. They were compelled to abandon Hardragure (?) with a loss of 4000 men and immense booty. Turkish loss, 3000. Sydney, September 3. The Herald's special cablegram says that Mehemet Ali reports that Col. Baker has greatly distinguished himself, but is reported to be missing. Two horses were shot dead under him. Lieut.-General 3.odetzki, who is commanding at Shipka Pass, is likely to be surrounded, and food and water are failing. Turkish reinforcements are arriving from Adrianople. The Russian Imperial Guards are arriving at Bucharest, and Prince Charles is taking command of the Rnsso-Roumanian corps, with General Sotolf as chief of his staff. ENGLISH NEWS. London, September 1. Discount, 3 per cent. Tlie reserve is twelve millions. The export trade is reviving. A slight fall has taken place in colonial stocks. Consols, 95j. In the wool sales the price has been maintained for good qualities, but inferior is lower in price. 106,000 bales were catalogued, but 10,000 were withdrawn. The French buyersare operating cautiously. The demand has somewhat abated, and the market has assumed a quieter tone. The wheat market is firm, the weather being unfavourable for harvesting. The imports continue to be large. New Zealand wheat, 53s to 565; inferior New Zealand wheat, 38s to 455. ♦ DIRECT AUSTRALIAN NEWS. Sydney, September 1. RANDWICK RACE MEETING. Trial Stakes. —Crusader, 1; Lorton, 2; Montana, 3. Derby. Woodlands, 1 ; Chester, 2 ; Cap-a-Pie, 3. A splendid race, won by half a neck. Time, 2inin. 49isec. Melbourne, September 3. Arrived —Arawata. Sailed—L n stan ia.